104: The K Trap
<p>They want to blame the war, but the split was already there. This week, I follow the K-shaped economy under the headlines, and Bitcoin’s uncomfortable signal: adoption is accelerating, and so is domestication.</p>
<p><strong>Episode Links</strong></p>
<ul>
<li>🇺🇸 <a href="https://partner.river.com/jupiter">Buy Sats on River</a> - The best way to stack in the US</li>
<li>🇨🇦 <a href="https://www.bitcoinwell.com/jupiter">The Bitcoin Well</a> - An amazing automatic self-custody Bitcoin platform</li>
<li>⚡ <a href="https://app.thebitcoincompany.com/signup?ref=JUPITER">The Bitcoin Company</a> - Spending your Bitcoin Via Lightning</li>
<li>🏦 <a href="https://use.foldapp.com/r/XNHPXTFC">Fold Card</a> - Pay bills Stack Sats</li>
<li>đź’µ <a href="https://borrower.saltlending.com/register?referralCode=GkPQdbqWG">SALT Lending</a> - Get access to your BTC Value w/out Selling</li>
</ul>
<p><strong>Show Notes</strong></p>
<ul>
<li><a href="https://www.wkyc.com/article/money/associatedpress/us-consumer-prices-rise-38-as-iran-war-sends-energy-prices-higher/616-fd8cdfdc-d9ab-48a5-87bc-40a7d0f34ce5">US consumer prices rise 3.8% as Iran war sends energy …</a></li>
<li><a href="https://www.aol.com/articles/inflation-spikes-3-8-percent-130612000.html">Inflation spikes to 3.8 percent in April, higher than expected</a></li>
<li><a href="https://www.cnbc.com/2024/05/14/ppi-report-wholesale-prices-rose-0point5percent-in-april-more-than-expected.html">PPI report: Wholesale prices rose 0.5% in April, more than expected</a></li>
<li><a href="https://www.foxbusiness.com/economy/bank-america-data-reveals-widening-k-shaped-consumer-spending-pattern-across-income-groups">Widening K-shaped economy pattern across income groups</a></li>
<li><a href="https://thehill.com/business/5870589-k-shaped-economy-gasoline-consumption/">K-shaped economy is showing up at the gas pump: NY Fed - The Hill</a></li>
<li><a href="https://fortune.com/article/what-is-k-shaped-economy-wealth-inequality-explained/">What is the K-shaped economy, where the rich are getting … - Fortune</a></li>
<li><a href="https://www.washingtonpost.com/opinions/2025/08/06/economy-jobs-middle-class-recession-tariffs/">The economy is cracking. This trend is most alarming.</a></li>
<li><a href="https://www.cnbc.com/2026/05/12/senate-confirms-kevin-warsh-as-fed-governor-clears-way-for-chair-vote.html">Senate confirms Kevin Warsh as Fed governor, clears way for chair …</a></li>
<li><a href="https://finance.yahoo.com/economy/policy/article/kevin-warsh-wins-senate-confirmation-to-federal-reserve-board-of-governors-putting-him-one-step-closer-to-replacing-jerome-powell-as-chair-113716444.html">Kevin Warsh wins Senate confirmation to Federal Reserve Board of …</a></li>
<li><a href="https://finance.yahoo.com/markets/crypto/articles/senate-banking-committee-vote-clarity-112544303.html">Senate Banking Committee to vote on Clarity Act crypto bill</a></li>
<li><a href="https://crypto.news/senate-banking-committee-unveils-revised-clarity-act-text-before-key-vote/">Senate Banking Committee unveils revised Clarity Act text before …</a></li>
<li><a href="https://bitcoinmagazine.com/politics/crypto-market-bill-gains-momentum">Crypto Market Structure Bill Gains Bipartisan Momentum</a></li>
<li><a href="https://cryptobriefing.com/coinbase-ceo-senate-crypto-bill/">Coinbase CEO Brian Armstrong heads to Senate to advocate for …</a></li>
<li><a href="https://www.theblock.co/post/400917/labor-unions-oppose-senate-crypto-bill-ahead-of-thursday-committee-markup-report">Labor unions oppose Senate crypto bill ahead of Thursday …</a></li>
<li><a href="https://www.cnbc.com/2026/05/12/congress-crypto-legislation-labor-unions.html">Crypto legislation faces another hurdle: Labor unions</a></li>
<li><a href="https://whale-alert.io/stories/e1b0012de19b6f/Strategy-CEO-Phong-Le-unveils-6-capital-management-principles-prioritizing-Bitcoin-per-share-and-allowing-BTC-sales">Strategy CEO Phong Le unveils 6 capital-management principles …</a></li>
<li><a href="https://www.coindesk.com/business/2026/05/05/michael-saylor-s-strategy-signals-potential-bitcoin-sale-to-fund-dividends-obligations">Strategy weighs selling bitcoin to fund dividends amid Q1 net loss</a></li>
<li><a href="https://bitcoinmagazine.com/news/strategy-mstr-michael-saylor-bitcoin-buys">Strategy Will Keep Buying Bitcoin Forever, Saylor Says</a></li>
<li><a href="https://mycryptoparadise.com/saylors-bitcoin-dividend-sale-tests-treasury-faith/">Strategy Considers Bitcoin Liquidation to Cover Preferred Dividends</a></li>
<li><a href="https://home.treasury.gov/system/files/136/CryptoAsset_EO5.pdf">Crypto-Assets: Implications for Consumers, Investors, and …</a></li>
<li><a href="https://chainless.hk/2024/03/11/a-good-article-deeply-analyzing-the-impact-of-bitcoin-etf-on-future-finance/">A good article deeply analyzing the impact of Bitcoin ETF on …</a></li>
<li><a href="https://thehill.com/business/5873675-inflation-rate-april-iran-war/">Inflation spikes to 3.8 percent in April, higher than expected - The Hill</a></li>
<li><a href="https://www.abc27.com/news/us-world/business/ap-us-consumer-prices-rise-3-8-as-iran-war-sends-energy-prices-higher/">US consumer prices rise 3.8% as Iran war sends energy prices higher</a></li>
<li><a href="https://www.youtube.com/watch?v=0yhv0Z_fOGk">324. Apolar Money: Lecture at the Global Economy & Finance Conference in Seoul - YouTube</a></li>
<li><a href="https://www.youtube.com/watch?v=PSx0nyfJ47o">Bitcoin Wins Big While Altcoins Face New Regulatory Reality - YouTube</a></li>
</ul>
<p><strong>Music:</strong></p>
<ul>
<li><a href="https://podcastindex.org/podcast/7777168?episode=53270866546">Shoot Me Down By: Nat Hills</a></li>
</ul>
